PREDICTIVE ANALYTICS OF THE FRAUD PREVENTION AND DETECTION AT ASF LEVEL
A need for greater rigor, which is felt by insurance companies in order to guarantee the fundamental balance of their financial sources, led to intensification of the concerns for preventing and combating fraud. The scope of the controller's mission is variable and its limits are set by the con...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitatea din Craiova
2016-12-01
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| Series: | Annals of the University of Craiova: Economic Sciences Series |
| Subjects: | |
| Online Access: | http://feaa.ucv.ro/annals/v1_2016/0044v1-001.pdf |
| _version_ | 1829113306117308416 |
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| author | Constanta Iacob Ersilia Catrina |
| author_facet | Constanta Iacob Ersilia Catrina |
| author_sort | Constanta Iacob |
| collection | DOAJ |
| description | A need for greater rigor, which is felt by insurance companies in order to guarantee the fundamental balance of their financial sources, led to intensification of the concerns for preventing and combating fraud. The scope of the controller's mission is variable and its limits are set by the control program which has been established. In assessing the fair price of the caused damage, the essential role of the controller is to put a stop to the fraud and to avoidearly damage coverage.But information is required in order to accomplish this.The predictive analytics, of those processes necessary to prevent and combat fraud, is a way of passing from a retroactive and intuitive process to a proactive one, that is oriented according to the information possessed. Based on this approach, insurance companies can build models, to predict the risk of fraud, in order to reduce their financial-cost impact. |
| first_indexed | 2024-12-12T15:33:33Z |
| format | Article |
| id | doaj.art-bb0e19577df145deadd0083c1ececda5 |
| institution | Directory Open Access Journal |
| issn | 1223-365X 1843-3723 |
| language | English |
| last_indexed | 2024-12-12T15:33:33Z |
| publishDate | 2016-12-01 |
| publisher | Universitatea din Craiova |
| record_format | Article |
| series | Annals of the University of Craiova: Economic Sciences Series |
| spelling | doaj.art-bb0e19577df145deadd0083c1ececda52022-12-22T00:20:03ZengUniversitatea din CraiovaAnnals of the University of Craiova: Economic Sciences Series1223-365X1843-37232016-12-01144718PREDICTIVE ANALYTICS OF THE FRAUD PREVENTION AND DETECTION AT ASF LEVELConstanta Iacob0Ersilia Catrina1University of Craiova Faculty of Economics and Business AdministrationUniversity of Craiova Faculty of Economics and Business AdministrationA need for greater rigor, which is felt by insurance companies in order to guarantee the fundamental balance of their financial sources, led to intensification of the concerns for preventing and combating fraud. The scope of the controller's mission is variable and its limits are set by the control program which has been established. In assessing the fair price of the caused damage, the essential role of the controller is to put a stop to the fraud and to avoidearly damage coverage.But information is required in order to accomplish this.The predictive analytics, of those processes necessary to prevent and combat fraud, is a way of passing from a retroactive and intuitive process to a proactive one, that is oriented according to the information possessed. Based on this approach, insurance companies can build models, to predict the risk of fraud, in order to reduce their financial-cost impact.http://feaa.ucv.ro/annals/v1_2016/0044v1-001.pdfpredictiveanalayticspreventionfraud |
| spellingShingle | Constanta Iacob Ersilia Catrina PREDICTIVE ANALYTICS OF THE FRAUD PREVENTION AND DETECTION AT ASF LEVEL Annals of the University of Craiova: Economic Sciences Series predictive analaytics prevention fraud |
| title | PREDICTIVE ANALYTICS OF THE FRAUD PREVENTION AND DETECTION AT ASF LEVEL |
| title_full | PREDICTIVE ANALYTICS OF THE FRAUD PREVENTION AND DETECTION AT ASF LEVEL |
| title_fullStr | PREDICTIVE ANALYTICS OF THE FRAUD PREVENTION AND DETECTION AT ASF LEVEL |
| title_full_unstemmed | PREDICTIVE ANALYTICS OF THE FRAUD PREVENTION AND DETECTION AT ASF LEVEL |
| title_short | PREDICTIVE ANALYTICS OF THE FRAUD PREVENTION AND DETECTION AT ASF LEVEL |
| title_sort | predictive analytics of the fraud prevention and detection at asf level |
| topic | predictive analaytics prevention fraud |
| url | http://feaa.ucv.ro/annals/v1_2016/0044v1-001.pdf |
| work_keys_str_mv | AT constantaiacob predictiveanalyticsofthefraudpreventionanddetectionatasflevel AT ersiliacatrina predictiveanalyticsofthefraudpreventionanddetectionatasflevel |